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Y Combinator-Backed Drip Capital Crosses $1 Billion Milestone in Trade Financing for Small Businesses
Credit and Finance for MSMEs: Drip has recorded a 50 per cent quarter-on-quarter growth in the last three quarters, according to Co-founder and CEO Pushkar Mukewar.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- business development, data, MSMEs, startups
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Press Release: DFC Announces $1 Billion W-GDP 2X Asia Initiative
U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler today announced W-GDP 2X Asia, a commitment to mobilize $1 billion of investment to advance women’s economic empowerment in Asia. Through the initiative, DFC aims to mobilize capital and incentivize action from the private sector to achieve scalable and sustainable impact for economically empowering women in the region. The announcement was made during a virtual event featuring keynote remarks by Boehler and a fireside chat with female entrepreneurs.
- Categories
- Investing
- Region
- Asia Pacific
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MSME E-Commerce Enabler Shopmatic Sees 40% Revenue Growth Amid COVID; Aims to Turn Cash Positive in 2021
Ease of Doing Business for MSMEs: Shopmatic had acquired CombineSell in October 2019 and Octopus Retail Management in March 2019 while it had partnered with PayU, OnlineSales.ai, United Overseas Bank - Singapore, and CIMB Bank - Malaysia to help SMEs enhance their omnichannel presence.
- Categories
- Coronavirus
- Region
- Asia Pacific
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Bangladesh to Begin COVID-19 Vaccinations Next Month
The South Asian country of more than 160 million in November signed a deal with the Serum Institute of India to buy 30 million doses of the vaccine developed by British drugmaker AstraZeneca.
- Categories
- Coronavirus, Health Care
- Region
- Asia Pacific
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How India’s Renewable Energy Sector Survived and Thrived in a Turbulent 2020
Record-low solar tariffs and flexible clean power auctions pushed India’s renewable energy growth in the midst of pandemic impacts. Now, it’s a question of pace.
- Categories
- Energy
- Region
- Asia Pacific
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CropIn Raises US $20 Million in Series C Funding Round to Advance the Reach of Its Farm Management and Predictive Analytics Solutions in Asia
CropIn, a leading global artificial intelligence and data-led agri-tech organisation empowering stakeholders to reimagine agriculture with data, has raised US$ 20 million in a Series C funding round led by ABC World Asia, an Asia-focused private equity fund dedicated to evidence-based impact investing.
- Categories
- Social Enterprise, Technology
- Region
- Asia Pacific
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India to Upgrade Rural Power Distribution Networks
The Asian Development Bank (ADB) and the government of India have signed a $300 million loan to upgrade rural power distribution networks to provide reliable electricity supply to consumers in the state of Uttar Pradesh.
- Categories
- Energy
- Region
- Asia Pacific
- Tags
- gender equality
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Mekong Capital Annouces US $246 Million Investment Fund in Vietnam
The fund will focus on retail, education, restaurants, consumer services, FMCG, and health care.
- Categories
- Coronavirus, Investing
- Region
- Asia Pacific
- Tags
- impact investing
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